How to Use Venmo Safely: A Guide to the Popular Payment App

Photo Courtesy: @Venmo/Twitter

Slowly but surely, Venmo and other payment apps are becoming the preferred method for sending and accepting payments for purchases, gifts, and donations. These days, cash — and even credit cards — can prove to be inconvenient, especially if you're splitting a dinner tab with friends or the cable bill with roommates. In these circumstances, it can be easier to open an app to send and receive money with just the push of a button. 

Typically, payment apps are linked to your banking account — usually a checking account — but Venmo also allows users to rely on a credit card, so long as they're willing to pay an extra fee. While the mechanics are simple, it's still important to understand the platform, so that you transfer funds to friends, family, organizations, and vendors safely. With this in mind, we're taking a deeper look at how Venmo works and how you can use this payment app wisely.